First National Bank Alaska (OTCMKTS:FBAK) Sees Large Decrease in Short Interest

First National Bank Alaska (OTCMKTS:FBAK) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1 shares, a drop of 85.7% from the September 15th total of 7 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 285 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. purchased a new stake in First National Bank Alaska (OTCMKTS:FBAK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 0.16% of First National Bank Alaska as of its most recent filing with the SEC.

First National Bank Alaska Stock Up 1.2%

Shares of OTCMKTS FBAK opened at $326.60 on Friday. First National Bank Alaska has a twelve month low of $257.01 and a twelve month high of $343.00. The firm has a market cap of $1.04 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a fifty day simple moving average of $330.67 and a two-hundred day simple moving average of $324.63.

First National Bank Alaska (OTCMKTS:FBAK) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share (EPS) for the quarter. The business had revenue of $57.69 million for the quarter. First National Bank Alaska had a return on equity of 14.65% and a net margin of 30.38%.

About First National Bank Alaska

First National Bank Alaska is a community bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state and is one of Alaska’s longstanding locally owned financial institutions.

The bank provides a range of personal and commercial banking services, including checking and savings accounts, certificates of deposit, consumer and business loans, residential and commercial real estate financing, and credit products.